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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 10
SIGNATURE BETH SMITH
TITLE ASST VICE PRES
<TABLE> <S> <C>
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</TABLE>
Alliance Growth and Income Fund, Inc. Exhibit 77Q1(a)
811-00126______
Articles of Incorporation: Incorporated by reference to Exhibit 1 to
Post-Effective Amendment No. 90 of Registrant's Registration Statement
on Form N-1A, filed with the Securities and Exchange Commission on
October 31, 1997.
Articles Supplementary: Incorporated by reference to Exhibit 1 to
Post-Effective Amendment No. 90 of Registrant's Registration Statement
on Form N-1A, filed October 31, 1997.
Amended By-Laws: Incorporated by reference to Exhibit 2 to
Post-Effective Amendment No. 90 of Registrant's Registration Statement
on Form N-1a, filed with the Securities and Exchange Commission on
October 31, 1997.
Alliance Growth and Income Fund, Inc. Exhibit 77Q1(e)
811-00126_______
Investment Advisory Agreement: Incorporated by reference to Exhibit 5 to
Post-Effective Amendment No. 90 of Registrant's Registration Statement
on Form N-1A, filed October 31, 1997.
Alliance Growth and Income Fund, Inc. Exhibit 77I
811-00126
In 1996, the Fund issued a new class of shares, Adviser Class
shares. Adviser Class shares, along with Class A, Class B, Class C
shares each represent an interest in the same portfolio of investments
of the Fund, have the same rights and are identical in all respects,
except that (i) Class A shares bear the expense of the initial sales
charge (or contingent deferred sales charge, when applicable) and Class
B and Class C shares bear the expense of the deferred sales charge, (ii)
Class B shares and Class C shares each bear the expense of a higher
distribution services fee than that borne by Class A shares, and Advisor
Class shares do not bear such a fee, (iii) Class B and Class C shares
bear higher transfer agency costs than that borne by Class A and Advisor
Class shares; (iv) each of Class A, Class B and Class C has exclusive
voting rights with respect to provisions of the Rule 12b-1 Plan pursuant
to which its distribution services fee is paid and other matters for
which separate class voting is appropriate under applicable law,
provided that, if the Fund submits to a vote of the Class A
shareholders, an amendment to the Rule 12b-1 Plan that would materially
increase the amount to be paid thereunder with respect to the Class A
shares, then such amendment will also be submitted to the Class B and
Advisor Class shareholders and the Class A, the Class B and the Advisor
Class shareholders will vote separately by class; and (v) Class B and
Advisor Class shares are subject to a conversion feature. Each class
has different exchange privileges and certain different shareholder
service options available.
[DESCRIPTION]Report of 10f-3 Transactions
Securities Purchases in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette Securities Co
Subject to Rule 10f-3 Under the Investment Company Act of 1940
ALLIANCE GROWTH AND INCOME FUND
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD NOVEMBER 1, 1997 THROUGH APRIL 30, 1998
<CAPTION>
Total
Date Shares Price perPurchased bOffered Purchased Held
Security PurchasedPurchased Share Fund Group (000) By Group Broker(s) 04/30/98
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Boston Properties Inc 01/26/98 8,200 $35.13 848,700 20,000 4.24% Goldman Sachs 12,200
Brandywine Realty Inc 01/29/98 1,000 $24.00 120,000 10,000 1.20% Smith Barney 36,900
</TABLE>
* Unless otherwise indicated, the securities were part of an issue registered
under the Securities Act of 1933 and offered to the public.
**Indicates the puchase of an Eligible Rule 144A Security.
1) Purchases by all Alliance Funds, including the Fund, may not exceed: (a) if
purchased in an offering than an Eligible Rule 144A Offering, 25% of the
principal amount of the offering of such class; or (b) if purchased in an
Eligible Rule 144A Offering, 25% of the total of (i) the principal amount
of the offering of such class sold by the underwriters or members of the
selling syndicate to qualified institutional buyers, plus (ii) the principal
amount of the offering of such class in any concurrent public offering.
